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Client #3
Montgomery County, PA manufacturing company with 750 employees and 5 locations in PA, NE and MO.
Challenges
- Managing the overall cost of entire benefits package (15% increase)
- Administering 4 different medical plans for 5 locations
- Because of competition overseas, margins are very thin and bulk of healthcare cost increases are passed on to employees
- Very competitive workforce marketplace
Action
- Conducted claims, utilization, network and plan design analysis looking for costly areas of the plan
- Negotiated with incumbent and competing insurance providers
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Results
- Consolidated to 2 carriers with better discounts
- Reduced renewal from 15% to 3%
- Successfully enrolled 5 locations with new carriers and plan designs in a very
tight time frame
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